68 Impact Minerals Ltd Annual Report 2023 Notes to the Consolidated Financial Statements continued NOTE 29: PARENT ENTITY DISCLOSURE 2023 $ 2022 $ Financial Performance Profit/(loss) for the year (5,782,028) (2,399,307) Other comprehensive income – – Total comprehensive profit/(loss) (5,782,028) (2,399,307) Financial Position ASSETS Current assets 8,069,814 7,482,216 Non-current assets 8,086,230 9,403,845 TOTAL ASSETS 16,156,044 16,886,061 LIABILITIES Current liabilities 649,262 640,874 Non-current liabilities 401,502 – TOTAL LIABILITIES 1,050,764 640,874 NET ASSETS 15,105,280 16,245,187 EQUITY Issued capital 62,742,519 58,426,867 Option reserve 1,708,647 1,406,016 Financial asset reserve (23,750) 72,500 Transactions with non-controlling interest (1,161,069) (1,161,069) Accumulated losses (48,161,067) (42,499,127) TOTAL EQUITY 15,105,280 16,245,187 No guarantees have been entered into by Impact Minerals Limited in relation to the debts of its subsidiaries. Impact Minerals Limited’s commitments are disclosed in Note 24.
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